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Comment by mastazi | Hacker News Reader

I'm very surprised that those (the JSON and the picture) are not stored in a decentralised way e.g. IPFS or Swarm.

So if I buy an expensive NFT, and the domain goes down, the NFT is now worthless?

We should be on the lookout for any of these domains expiring, then we will buy them and upload Rick Astley GIFs

There’s a popular genre of NFTs which consist of a recording of some physical object (often a painting) being destroyed. So perhaps we should create an NFT which represents the stranding of other NFTs through hacking. We could upload the logs from the shell showing us deleting everything.

> So if I buy an expensive NFT, and the domain goes down, the NFT is now worthless?

Well, that’s a question and a half. If its intrinsic value dropped to zero, would that be a change in value?

Thanks, you made my day

IPFS doesn’t guarantee safety either, it’s still possible for the link to rot and no longer be accessible.

Oh of course, but at least it is decentralised

At least the owner of the NFT would have an incentive to keep the file available.

I honestly thought they had some kind of torrent pointer. I dont have a deep understanding of how ANY of this works, i just figured smarter minds had ironed out the kinks, such as 'what if the original source goes down or is coopted?'

They often are. For instance on Arweave

Most NFT projects are in fact stored on IPFS. You can put an IPFS URL in the tokenURI field.

However, if someone ever stops paying a 3rd party to actually pin the file in IPFS… poof

Just because you put a file in IPFS doesn’t mean IPFS actually retains it

And there's about 0% chance that ipfs or the internet as we know it will still be operating as it is in 40 years.

Oh yeah, I saw NFTs with IPFS URLs before, the reason why I'm surprised is that I thought all of them were using some form of decentralised storage.

Its just a bad use of the NFT standards. Not that complicated.

Not all are doing it the wrong way.

But some are definitely doing unnecessarily centralized things.

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